Anglo writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
Anglo American writes down De Beers value by $2.9bn
Anglo American has written down the value of its De Beers diamond business for the second time in two years. The London-listed miner said on Thursday it had booked an impairment charge of $2.9bn on the unit, which it is seeking to offload. That follows the $1.6bn writedown of De Beers in its annual results last year.
Chilean state-run copper giant Codelco (COBRE.UL) and London-listed miner Anglo American signed a memorandum of understanding ...
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Anglo American signs $5bn deal with Codelco for Chilean copper minesThe companies aim to enhance efficiency, resource utilisation and sustainability while maximising copper production in the ...
Shares of Anglo American PLC AAL rose 2.49% to £24.29 Thursday, on what proved to be an all-around poor trading session for ...
The miner said it intends to retain the shareholding in the platinum business in an attempt to manage share flowback and ...
The CEO of Anglo American, the firm behind Yorkshire’s major Woodsmith mining project, has said that the company expects the ...
Global miner Anglo American achieved a strong operational and cost performance for the year ended December 31, with $1.3-billion of costs removed on a run rate basis and a further $500-million to come ...
MMG Singapore Resources, a subsidiary of Melbourne-based mining firm MMG, has agreed to buy the FTSE 100 group's nickel ...
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There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Anglo American (AAUKF – Research Report) and ...
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